Within a week's time, Detyens Shipyards has secured two Military Sealift Command (MSC) ship repair contracts worth more than $29 million combined. The privately-owned Charleston, S.C. repair yard beat out two other competing shipyards to secure a $18,144,376, 76-calendar day, firm-fixed-price contract for the regular overhaul dry-docking availability of the fleet replenishment oiler USNS Leroy
South Korea's Daewoo Shipbuilding & Marine Engineering has won an order to build three LNG carriers.DSME said the order was worth more than 1 trillion Korean Won, or around $872 million.The South Korean shipbuilder did not say who the client was, apart from saying it was a European shipowner.
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry.Sharing the news on Friday, Keppel gave little details on the client and the type of order. It said that the contract was with "an energy company" for the engineering, procurement
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation."Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part of the latest phase of Operation Car Wash.
Hudong-Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corp, has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million), reported the state-backed Jiefang Daily on Tuesday.The LNG carriers, each with a capacity of 174,000 cubic metres
China’s new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday, rising as much as 16.7% on the Shanghai International Energy Exchange (INE).The front-month January contract, with a listing price of 2,368 yuan per tonne, later pared gains to close 9.8% higher at 2,599 yuan ($367.35) per tonne at the close of afternoon trade.
Vigor Marine has been awarded a $56,450,644 firm-fixed-price contract for a 210-calendar day split shipyard availability for the regular overhaul and dry docking of the hospital ship U.S. Naval Ship Mercy (T-AH 19).Work will be performed in Portland, Ore., and is expected to be complete by August 2021.
Dutch heavy lift and transportation company Mammoet has said it has won its largest-ever contract at the Arctic LNG 2 project in Russia.Mammoet said Monday the contract was awarded by Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas. Under the contract, Mammoet will be responsible for unloading, transportation
The Offshore Rig Market – At $30 Oil Offshore Drillers May Be Out of OptionsCOVID-19 and low oil prices are already having an impact on the offshore rig market as contractors face crew and logistical challenges and E&Ps attempt to prioritize drilling campaigns.Contract scrutiny has already led to a few contract cancellations and the first claims of force majeure.
Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola.The contract, at a day rate of $620,000 per day, is with the French oil major Total for the drillship Valaris DS-8.
Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report, Murphy has agreed to charter the unit for two firm wells and one optional well.
Make sure you know who you are really contracting with.A famous U.S. politician once insisted that “it takes a village to raise a child.” That said, any marine operator will tell you that it takes an even larger village and a ridiculous number of contracts to operate a vessel, and even more to manage a fleet of vessels.